About GMOZX
GMO High Yield Fund Class I is a mutual fund focused on delivering total returns exceeding those of its benchmark, the Markit iBoxx USD Liquid High Yield Index. The fund pursues this objective using a systematic, factor-based investment approach, distinctly leveraging data-driven and top-down strategies to exploit structural market inefficiencies—a notable contrast in a sector typically dominated by fundamental management. The fund primarily invests in a diversified portfolio of below investment grade, or 'high yield,' corporate bonds, with an emphasis on maintaining liquidity and optimizing risk-adjusted returns. Its portfolio reflects broad exposure to various sectors, notably industrial and financial institutions, and features a concentration in credit ratings ranging from BB to CCC, signifying a focus on higher-yield, higher-risk debt instruments. GMO High Yield Fund Class I plays a significant role for institutional investors seeking access to the high yield bond market while aiming for excess returns, or 'alpha,' through sophisticated quantitative models and disciplined risk management. Managed by experienced professionals, the fund supports the needs of those seeking to enhance yield in fixed income allocations within well-defined risk parameters.
Fund Family GMO
Category High Yield Bond
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol GMOZX
Share Class Class I
Index S&P iBoxx USD Liquid High Yield TR
GMOZX had a total return of 2.53% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.43%.
